LAWRENCE MEMORIAL CORPORATION (EIN 222553028) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1912

Legal Domicile

Principal Officer

RICHARD LISITANO

Phone

2036880580

Tax Period

2023-10-01 to 2024-09-30

LAWRENCE MEMORIAL CORPORATION, founded in 1912, is a community nonprofit in the Health Care sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 412% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 99% operating margin.

Mission

UPHOLDS, PROMOTES, AND FURTHERS THE WELFARE, PROGRAMS, AND ACTIVITIES OF ITS RELATED ENTITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,484,481

Other Revenue $-8,592

TOTAL REVENUE $4,475,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,676

Other Expenses $25,475

TOTAL EXPENSES $25,475

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,475,889	$874,078	+4.1%
Expenses	$25,475	$31,052	-0.2%
Net Income	$4,450,414	$843,026	+4.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,207,739

Total Directors

$2,669,374

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL KOSYLA	TREASURER	1.00	Officer	$0	$407,968	$1,543,615
WILLIAM ASELTYNE	SECRETARY/TRUSTEE (CY2023 COMP)	1.00	Officer Director	$0	$193,425	$1,450,910
WILLIAM ASELTYNE	SECRETARY/TRUSTEE (VESTED DEFERRED)	1.00	Officer Director	$0	$0	$235,138
RICHARD LISITANO	PRESIDENT/CEO/TRUSTEE	1.00	Officer Director	$0	$284,504	$978,076
PATRICK L GREEN	FORMER OFFICER/TRUSTEE (CY2023 COMP)	0.00		$0	$219,082	$835,885
PATRICK L GREEN	FORMER OFFICER/TRUSTEE (VESTED DEFERRED)	0.00		$0	$0	$157,810
DENISE FIORE	FORMER SR. VP/COO	0.00		$0	$0	$547,749
STEPHEN ALLEGRETTO	FORMER SR. VP/CFO	0.00		$0	$0	$211,813
MAUREEN ANDERSON	FORMER OFFICER	0.00		$0	$0	$118,596
DANIEL GACCIONE	TRUSTEE	1.00	Director	$0	$0	$5,250
GREGORY AHERN	TRUSTEE	1.00	Director	$0	$0	$0
TODD BLUE	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL BRANNEGAN	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS FORTSON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN HOLSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN HOLT	CHAIR/TRUSTEE	1.00	Officer Director	$0	$0	$0
JAMES MAYNARD	TRUSTEE	1.00	Director	$0	$0	$0
MARIE PEAKMAN	VICE CHAIR/TRUSTEE	1.00	Officer Director	$0	$0	$0
SHANNA REELS	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA REYES	TRUSTEE	1.00	Director	$0	$0	$0
ROCCO TIMPANO	TRUSTEE	1.00	Director	$0	$0	$0
REV CATHERINE ZALL	TRUSTEE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,475,889	$25,475	$86,848,303	$4,450,414
2023	$874,078	$31,052	$84,169,733	$843,026
2022	$2,371,959	$35,876	$81,295,107	$2,336,083
2021	$2,522,058	$1,025,702	$87,308,059	$1,496,356
2020	$1,562,088	$110,688	$86,378,513	$1,451,400
2019	$1,597,523	$46,164	$84,569,929	$1,551,359
2018	$4,207,667	$94,498	$85,943,180	$4,113,169

LAWRENCE MEMORIAL CORPORATION